Star-Ledger columnist Paul Mulshine looks at some of the downsides passing legislation at the last minute, like the budget and tax changes enacted at the deadline this year.
Among them are the errors that can occur in drafting legislation so quickly. An error in an earlier version of the corporate business tax increase could have cost businesses billions of dollars. NJBIA members caught the error. As the bill was being considered by the budget committees, NJBIA was able to call it to the attention of lawmakers.
“The errors in question were not small; they would have cost businesses an additional $6 billion in taxes,” Mulshine wrote.